No, SWE has not discovered oil yet but all data looks promising and exploratory wells are scheduled to be drilled in 2016-2017.

How much oil does SWE plan to find?

To date there are estimates of many billions of barrels across our various blocks.

In which areas do SWE operate?

All of SWE’s operations are in Ethiopia. Seismic and Full Tensor Gravity Gradiometry surveys have been completed in the Jijiga Basin and a Full Tensor Gravity Gradiometry survey has been completed in the Gambella Basin.

When will drilling start?

A 3-well drilling program is scheduled to be completed during the course of 2016-2017.